Provison for depriciation

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254 Points Posted on 17 January 2022
is privison for depriciation is long term provison comes under non current liabilty or short term provison comes under current liabilty
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On 17 January 2022 at 15:05 Report
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This discussion clarifies the classification of provisions for depreciation. It confirms that long-term provisions are treated as non-current liabilities, while short-term provisions fall under current liabilities. This classification is guided by Schedule III of the Companies Act 2013 for companies.

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My grammar is 💯 good I
7306 Points Posted on 17 January 2022

Yes it is like that 

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On 17 January 2022 at 15:31
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GST Practitioner & Accounts
15150 Points Posted on 17 January 2022
Refer Shedule III Balance sheet , as per Companies Act 2013 , if you are Company .
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On 17 January 2022 at 15:43

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